Creative Idea Company had poor internal control over its cash transactions. The following are facts about its cash position on December 31, 2017:

--The general ledger account for cash showed a balance of $18,901.62, which included undeposited receipts.

--A credit of $100 on the bank statement did not appear on the general ledger of the company.

--The cash balance on December 31^st according to the bank statement was $15,550.00.

--Outstanding checks were:

No. 40 for $116.25

No. 199 for $150.00

No. 363 for $253.25

No. 4525 for $190.71

No. 4529 for $206.80

No. 4555 for $145.28

--The first deposit recorded by the bank on the cutoff statement was for $3,794.41 on January 10,2018.

The cashier handles all incoming cash and makes bank deposits personally. She also reconciles the monthly bank statement. Her December 31^st reconciliation shows the following:

Balance per books $18,901.62

Add: Outstanding checks:

4525 $190.71

4529 206.80

4555 45.28 442.79

Total $19,344.41

Less: Undeposited cash 3,794.41

Balance per bank 15,550.00

Deduct: Unrecorded credit 100.00

True Cash, December 31 $15,450.00

1. You suspect that the cashier may have misappropriated some money and your specific concern is that some of the undeposited receipts may have been taken. Prepare a schedule showing your estimate of the loss.
2. If there is a theft, how did the cashier attempt to conceal it?
3. Give two internal controls over cash that are missing in this case, based on the information that you have been given.